Net Loss Per Common Share

Basic and diluted net loss per common share is calculated as follows (in thousands, except share and per share data):



	Three Months Ended March 31,
	2018			2017
Numerator:
Net loss	$	(2,436	)	$	(11,602	)
Less: net loss attributable to noncontrolling interest	518			544
Net loss attributable to On Deck Capital, Inc. common stockholders	$	(1,918	)	$	(11,058	)
Denominator:
Weighted-average common shares outstanding, basic and diluted	73,977,241			71,854,287
Net loss per common share, basic and diluted	$	(0.03	)	$	(0.15	)

Diluted loss per common share is the same as basic loss per common share for all periods presented because the effects of potentially dilutive items were anti-dilutive given our net losses. The following common share equivalent securities have been excluded from the calculation of weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented:



	Three Months Ended March 31,
	2018	2017
Anti-dilutive common share equivalents
Warrants to purchase common stock	22,000	22,000
Restricted stock units	3,874,666	3,487,022
Stock options	8,234,689	10,056,752
Employee stock purchase program	32,449	51,491
Total anti-dilutive common share equivalents	12,163,804	13,617,265

The weighted-average exercise price for warrants to purchase 2,007,846 shares of common stock was $10.70 as of March 31, 2018. For the three months ended March 31, 2018 and 2017, a warrant to purchase 1,985,846 and 1,985,846 shares of common stock, respectively, was excluded from anti-dilutive common share equivalents as performance conditions had not been met.